Listed by Commonwealth Commercial Partners, Commonwealth Commercial (Land, Farm, & Forestry)
$650,000
1547 Armory Drive
Details
Property Type Retail
Sub Type Restaurant
Square Footage 18,730
Net Rentable (SqFt) 18,730
Lease Term 10
Remaining Term 3
Year Built 2004
Acreage 0.430
Zoning B-3
Parking Spaces 35 spaces
Parking Per SqFt 1.87
Retail | 18,730 SF
Marketing description
Commonwealth Commercial Partners is pleased to present for sale the Huddle House in Franklin, VA. An 1,824± SF casual dining restaurant that sits 0.43 acres of land is located off Armory Drive and only 2.1 miles from the heart of Franklin. This ten-year lease with Huddle House provides a long-term investment opportunity in a southern Virginia market where national retailers including Walmart, Tractor Supply, & Anytime Fitness are located.
Investment highlights
- 10 Year Lease Term remaining with Three (3) Five (5) Year renewal options
- 18,730± SF Huddle House that faces Armory Drive which sees 13,600 cars daily
- Abundant parking (35 spaces) in recently re-surfaced lot
- Located directly off Southampton Parkway
- National retailers nearby: Walmart, Tractor Supply, Anytime Fitness
- Sale Price: $650,000
- Lease Terms Tenant pays 8% of net sales each month
- Dates of Lease Commenced of July 23rd, 2021 for a 13 year lease. 10 years remaining on the term. Three 5 year renewal options after maturity of 13 year lease.
- Annual Growth % 10.47% growth
Listing Contacts
Listed by Commonwealth Commercial Partners, Commonwealth Commercial (Land, Farm, & Forestry)
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